Dollarama Inc. (TSE:DOL) Receives C$139.18 Average PT from Analysts

Dollarama Inc. (TSE:DOL) has been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$139.18.

A number of research firms have recently weighed in on DOL. National Bankshares increased their price target on Dollarama from C$141.00 to C$143.00 in a research note on Thursday, September 12th. Desjardins raised their target price on Dollarama from C$140.00 to C$143.00 in a report on Thursday, September 12th. BMO Capital Markets upped their price target on Dollarama from C$138.00 to C$147.00 in a research note on Thursday, September 12th. Wells Fargo & Company lowered shares of Dollarama from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from C$136.00 to C$130.00 in a research note on Thursday, September 12th. Finally, TD Securities raised shares of Dollarama from a “hold” rating to a “buy” rating and upped their target price for the company from C$150.00 to C$154.00 in a research note on Thursday, September 12th.

Dollarama Stock Performance

Shares of TSE:DOL opened at C$144.03 on Tuesday. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24. Dollarama has a 1-year low of C$89.93 and a 1-year high of C$144.62. The stock has a market capitalization of C$40.58 billion, a P/E ratio of 37.31, a P/E/G ratio of 1.93 and a beta of 0.56. The business has a 50-day moving average price of C$134.32 and a two-hundred day moving average price of C$125.77.

Dollarama (TSE:DOL) last posted its quarterly earnings results on Wednesday, September 11th. The company reported C$1.02 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.96 by C$0.06. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. The business had revenue of C$1.56 billion during the quarter, compared to the consensus estimate of C$1.57 billion. Equities analysts predict that Dollarama will post 5.296851 earnings per share for the current year.

Dollarama Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, November 1st will be paid a $0.092 dividend. This represents a $0.37 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, October 4th. Dollarama’s dividend payout ratio is 9.59%.

Insider Transactions at Dollarama

In other news, Senior Officer Mark Di Pesa sold 530 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total value of C$76,039.10. In related news, Director John Huw Thomas sold 2,000 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of C$137.73, for a total transaction of C$275,450.00. Also, Senior Officer Mark Di Pesa sold 530 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total value of C$76,039.10. Insiders sold 7,697 shares of company stock valued at $1,049,979 over the last three months. Company insiders own 2.23% of the company’s stock.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.